Cable & Wireless
| Cable & Wireless
|
|
|---|---|
 |
|
| legal form | plc. |
| founding | circa 1860 |
| resolution | March 26, 2010 |
| Reason for dissolution | Splitting up |
| Seat |
Bracknell , United Kingdom
|
| management |
|
| Number of employees | 4,398 |
| sales | ₤ 2,149 million (2011) |
| Branch | telecommunications |
The Cable & Wireless plc was one of the largest telecommunications companies in the world. The company was founded in 1872 by John Pender as the Eastern Telegraph Company . In the mid-1980s, Cable & Wireless was the first company in England to offer an alternative to British Telecom for telephones . The range was later expanded to include cable television . Until the split, it together with companies such as Level 3 Communications and AT&T provided a considerable part of the Internet backbone worldwide.
In 2000 Cable & Wireless sold its subsidiary Hong Kong Telecom to the Chinese company PCCW .
On April 23, 2012, the British mobile communications company Vodafone Group reached an agreement with Cable & Wireless on a takeover by Vodafone for £ 1.04 billion (equivalent to around 1.29 billion euros). On June 19, 2012, Cable & Wireless shareholders approved the takeover. The company was then split up into Cable & Wireless Communications and Cable & Wireless Worldwide , which were merged with the Vodafone Group in 2012.
Cable & Wireless took over the Maldivian internet censorship , which Reporters Without Borders criticized as severely restricting freedom of expression .
Web links
- Early documents and newspaper articles on Cable & Wireless in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .